Tax Debt Help
Tax Network USA. Provides Sound Solutions for Your Tax Debt Issues
Taking on the IRS alone is never easy nor is it recommended. Those suffering from tax debt issues endure a daily struggle. But with Tax Network USA on your side, you never have to worry! Tax Network USA is your ultimate source for IRS tax debt solutions.
Tax Network USA, has direct connections with the most reliable IRS tax debt relief resources and professionals available. After careful evaluation we've concluded that our partners live up to our highest quality standards. This means you will get the help you desperately need to solve all of your tax debt issues.
Find the Perfect Solution for your IRS Tax Debt Issues
We are confident that we can provide any of the following tax relief services for you.
- Offers in Compromise: An Offer in Compromise is an IRS tax debt settlement. This allows you to pay a lower figure than the full amount of your tax debt liability. You might qualify to settle your tax debt if paying the IRS would create an economic hardship and it would be unfair or inequitable for you to pay the repay the debt in full. Strict IRS guidelines make it very difficult to settle tax debt with an Offer in Compromise unless you're working with a professional.
- Installment Agreements: An Installment Agreement is contract made between the IRS and the taxpayer. This binding contract requires the taxpayer to pay the Tax Debt in a set amount of time. This means with an Installment Agreement, it's possible to pay your Tax Debt in affordable monthly payments. However, you may need help from a professional to negotiate the monthly payment amount. You want a professional that can negotiate with the IRS on your behalf for a payment that you can comfortably afford.
- Penalty Abatement: A reasonable tax debt amount can become astronomical when you include IRS penalties and interest. However, it's possible to remove IRS penalties and greatly reduce the tax debt amount. If any of the situations caused the tax debt, you have a case for penalty abatement and you should contact a professional immediately: Natural disaster, tax records lost or destroyed, fixed income (or retired), victim of theft, victim of bad financial advice, or victim of serious health problems.
- Currently Not Collectible: In some cases, it's possible to stop IRS collection actions for good. Under certain circumstances, the IRS will place an account under "Currently Not Collectible" status to cease collection actions. This status is usually temporary, but gives the taxpayer time to improve their situation. You can apply if you have little or no income, are seriously ill, or otherwise are unable to pay the tax debt due to a situation beyond your control.
- Tax Filing Services: If you haven't filed in years, no worries! Tax Network USA can submit your back taxes and get you back in compliance with the IRS. Remember, filing your back taxes is the first step to resolving all of your IRS issues.
Get Help with your IRS Tax Debt Issues Now
You don't have to face the IRS alone! Nor, should you ever have to! You can work with an experienced and reliable professional to settle or reduce your IRS tax debt. With Tax Network USA., we believe it is vital to adhere to the highest quality standards, stability and experience for the best results.
Tax Debt Relief
Resolve IRS Tax Debt for Good
When you work with Tax Network USA, you're working with a company that will carefully evaluate your financial situation. We will find a solution for your Tax Debt that suits your specific and individual needs.
Help with Tax Debt Problems
In addition to resolving your IRS Tax Debt, Tax Network USA can help prevent any of the IRS problems listed below:
- IRS Bank Levy
- IRS Tax Lien
- IRS Asset Seizures
- IRS Wage Garnishment
- IRS Audits
- Trust Fund Recovery
- Improperly Filed Tax Returns
- Unfiled Tax Returns
Proven Tactics for Defending Taxpayers against IRS Actions
Tax Network USA, protects taxpayers against IRS actions while we work hard to resolve your tax debt. In addition to this service, we can help prevent the following:
- Wage garnishments
- Bank levies
- IRS levies and liens
- File Back Taxes
- Obtain important tax documents
Rely on the Pros to Stop the IRS for Good
IRS actions will not cease until you take the first step and resolve the tax debt owed. If you don't feel secure or lack the knowledge to handle your IRS case on your own, let Tax Network USA. help you resolve your pressing tax debt problems.
Offer in Compromise
The IRS Offer in Compromise program provides taxpayers who owe the IRS more than they could ever afford the chance to pay a small amount as a full and final settlement.
This program also offers taxpayers who don't agree that they actually owe the taxes in the first place the chance to file an Offer in Compromise and have those tax liabilities reconsidered.
The Offer in Compromise program allows taxpayers to get a fresh start.
All back tax liabilities are settled with the amount of the offer.
All federal tax liens are released upon IRS acceptance of an Offer in Compromise and payment of the amount offered.
If the Offer filed is based on your inability to pay, the IRS reviews your current financial position and considers your ability to pay, as well as your equity in assets.
When reviewing an Offer in Compromise, the IRS considers many factors including but certainly not limited to:
- The amount collectible from your assets.
- The amount collectible from present and future income. The IRS will consider the present value of money in relation to future collection potential. In other words, by accepting the offer the IRS will get money that is worth more today than in the future.
- The amount collectible from third parties.
- Sources of funds that are available to you but not subject to IRS collection action.
Using our extensive experience and knowledge of IRS review processes, procedures and "hot buttons", our tax professionals have been uncommonly successful in representing clients to compromise all types of IRS taxes, penalties and interest.
If you qualify for this program, we can help you save thousands of dollars in taxes, penalties and interest. You must meet the following minimum rules:
- You must have filed all tax returns. It's alright to owe money but you must have filed your returns.
- You will need to disclose all assets owned including all cash and bank accounts.
- You must not have adequate cash available in a checking, savings, money market, or brokerage account to pay the IRS.
Just because you don't meet the qualifications, the IRS will not back off. We can help protect you from aggressive IRS collection tactics while bringing you closer to submitting your offer.
You may already know that a small delinquent tax debt can compound into an unmanageable amount within a short period of time. The reason is because of Penalties and Interest. Penalty Abatement (or Reduction) is one of the key services we provide and also one of the key factors toward helping you to get your tax debt resolved in as short a period as possible.
To get penalties abated or eliminated, you will have to show that you had a good reason for not paying your taxes. Common reasons include:
- Death of a family member
- Serious health problem
- Bad or erroneous financial advice
- Flood, hurricane, fire or other natural disaster
- Theft of funds, including embezzlement
- Lost or destroyed records
- Divorce that caused extreme stress and deteriorated your financial condition
- Unemployed for an extended period of time
- On a fixed income or retired
- Caring for another person and the financial strain this is placing on you
There are an infinite number of reasons, of course. But these are the most common.
Your application for a Penalty Abatement will be reviewed by a Revenue Officer and it is entirely up to the discretion of this Officer to make the final decision. For this reason, it is critically important that you present a well-prepared and well-documented application package. At Tax Network USA. we are experts at preparing application packages that look professional and well-thought out.
Innocent Spouse Claim
When you file a joint income tax return, the law makes both you and your spouse responsible for the entire tax liability. In some cases, a spouse (or former spouse) will be relieved of the tax, interest and penalties on a joint tax return. Three types of relief are available to married persons who filed joint returns -- innocent spouse relief, separation of liability relief and equitable relief.
You must meet all of the following conditions to qualify for innocent spouse relief:
- You filed a joint return.
- There is an understated tax on the return that is due to erroneous items of your former spouse.
- You can show that when you signed the joint return you did not know, and had no reason to know, that the understated tax existed (or the extent to which the understated tax existed).
- Taking into account all the facts and circumstances, it would be unfair to hold you liable for the understated tax.
Erroneous items are underreported income or overstated deductions and credits. This requires that the additional tax the IRS is trying to collect from you came about from a subsequent change by the IRS. If the amount the IRS is trying to collect from you is from an original return balance due (an underpaid tax), then innocent spouse relief does not apply to you. Similarly, separation of liability only is available for an understated tax.
Equitable relief applies for an underpaid tax such as the hot check you mentioned. IRS Publication 971 discusses equitable relief and the conditions that must be met for it to apply. You should review this section prior to completing Form 8857 to request relief. You should file Form 8857 within two years of becoming aware of the unpaid taxes.
While it is best to always have a professional represent you, Tax Network USA. recommends that you familiarize yourself with the law so that you can provide relevant information to the IRS. If you can't afford a professional, then by all means you should still attempt the process yourself. The worst that can happen is that the IRS denies your claim and you're still left owing what they're trying to collect now.
To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code.
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You Have the Right to Tax Representation
If you have been contacted by the IRS or your state's Department of Taxation, or have received tax liens, levies or notices of IRS intention to do so, contact us at 888-466-4706 or fill out our online form without delay to discuss the details of your specific tax situation.